Facebook Inc-A Crosses Below its 10-day MA (FB)

Written on Thu, 03/14/2019 - 10:30am

By Shiri Gupta

Today, shares of Facebook Inc-A (NASDAQ:FB) have fallen below their 10-day MA of $169.92 on a volume of 2.2 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Facebook Inc-A share prices have moved between a 52-week high of $218.62 and a 52-week low of $123.02 and are now trading 38% above that low price at $169.54 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

SmarTrend recommended that subscribers consider buying shares of Facebook Inc-A on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $141.34. Since that recommendation, shares of Facebook Inc-A have risen 22.7%. We continue to monitor FB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.